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Apple and Samsung to stop spending money in vain

Staff writer |
Apple and Samsung Electronics said in a joint statement they have agreed to drop all suits against each other in countries outside the U.S.

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All claims are being abandoned in Australia, Japan, South Korea, Germany, Netherlands, the United Kingdom, France and Italy.

The companies may be nearing a conclusion to patent fight. Apple has accused Samsung of copying its iPhone designs and Samsung has countered that Apple is using pieces of its wireless-transmission technology. Judges repeatedly urged the companies to settle rather than play out their dispute in court.

Apple and Samsung agreed in June to drop their appeals of a patent-infringement case at the U.S. International Trade Commission (ITC) that resulted in an import ban on some older Samsung phones. However the companies said in the statement that they aren't ending the legal battles completely, nor have they reached any cross-licensing agreement.

It seems the two companies decided to stop spending money on litigations while other companies, Xiaomi first, are taking their market very fast. Since some processes in the U.S. will continue that may be a signal that they have decided to split markets.

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